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Europe warns recovery could be short lived
JICWyllie
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9-14-2009 10:29 AM
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tags:
1-recovery
,
2-increase
,
2-risks
,
3-forecast
,
4-eu
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/20a0eaa2-68ef-4b2d-8e5b-bb378149f364/E4DE084C-0CEA-4DA3-A28F-DDD72E09C655/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b" href="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b" style="font-size: 11px;">www.timesonline.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b"><P> The European Commission today forecast that Europe would return to positive growth by the end of the year but that the recovery might not be sustainable in 2010. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b"><P> In a report that mirrors a warning last week from the National Institute of Economic and Social Research (NIESR), which said stagnation might follow an upturn early next year, the commission predicts a recovery in GDP growth in the second half of this year, helped by a rapid recovery in Germany, France and the UK. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b"><P> However, it warns that for next year uncertainty is rife. "There are reasons to believe that the recovery could prove volatile and sub-par," it said, adding the full effect of the economic crisis on labour markets and public finances was still to be faced. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b">"The strength of the recovery could surprise on the upside in the near term, but its sustainability is yet to be tested." </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/business/economics/article6833735.ece?plckFindCommentKey=CommentKey:9e2a5c8a-1cb2-4f42-a7c5-c7dca6c2709b">For the year as a whole, it expects Europe's GDP to fall by 4 per cent with the UK down 4.3 per cent</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E4DE084C-0CEA-4DA3-A28F-DDD72E09C655/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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